Tag: Barry Stuppler

By Barry Stuppler – MintStateGold.com GOLD Long term owners of Gold need to understand and accept the increased volatility in the Gold price. We saw a run up to $1,921 early Tuesday morning and a sell off to $1,791 in early Asian trading this morning, before significant buying came into the market. In Asia, a […]

By Barry Stuppler – MintStateGold.com GOLD Gold reached $1920.70 in early Tuesday Asian and European trading. Trading was extraordinarily active with very high volume on the electronic exchanges, before significant profit taking which took the price down to $1,862. Gold rallied back and is trading at $1,869.70 at 11am PDT, down $5.80 from Friday’s price. […]

By Barry Stuppler – MintStateGold.com GOLD Are you ready for another run in Gold? A combination of no growth in the August employment numbers and continued problems with the Eurozone debt issues started a gold and silver rally in Asia, and rounded into Europe and the U.S. Markets. Right now, at 11am PDT, gold is […]

By Barry Stuppler – MintStateGold.com GOLD Ahead of the holiday weekend, gold seems to be settling into a nice narrow trading range of $1810 to $1840 on average volume. Lightening up on the volatility is healthy for any commodity market, and would put off any margin increases. Gold’s price support is coming in the face […]

By Barry Stuppler – MintStateGold.com GOLD We are seeing increasing support for Gold in the $1,810 price area. Demand has increased in Asia, Europe, and the U.S. in the physical and futures gold markets. This week’s volume is normal as we move into a holiday weekend. Right now at 11 am PDT Gold is firm […]

By Barry Stuppler – MintStateGold.com GOLD At 11am PDT Gold is trading at $1,824.30, up $32.50 per ounce on good volume. Gold has traded in a healthy narrow $21 range today with excellent support overnight in Asia. Gold prices rallied this morning as Charles Evens, President of the Chicago Federal Reserve said that we need […]

By Barry Stuppler – MintStateGold.com GOLD This morning Gold saw some profit taking in Asia and Europe from Friday’s run up. The Gold market dropped down to $1,778 before significant buying appeared. It looks like gold is trying to establish a $1,750 to $1,850 trading range, which would be very healthy as we approach a […]

By Barry Stuppler – MintStateGold.com GOLD Post Jackson Hole speech, we should see Gold continue to build its new trading range. Last night the most active trading month (the December gold contract) hit the $1,800 resistance level before trading back down to $1,770 per ounce. This week we have seen a new $1,700 to $1,800 […]

By Barry Stuppler – MintStateGold.com GOLD Gold hit $1,701.70 in overnight trading and quickly bounced back to $1,730. It looks like the $1,700 area has major support for Gold. Building a base in the $1,700 to $1,775 area for the next two to three weeks would be very supportive of the long term market health, […]

By Barry Stuppler – MintStateGold.com GOLD Wow, another exciting day for gold investors. From July 22nd when gold closed at $1,602 until August 22nd when gold hit $1,912, gold increased $310 or 19.35%. At 11am PDT today gold is trading $1,765, down $147 per ounce from August 22nd highs, or 6.6%. Remember at today’s price, […]

By Barry Stuppler – MintStateGold.com GOLD After increasing six days in a row, and up over $300 in the past month, Gold finally saw some profit taking last night. After breaking above the psychological resistance level of $1,900, gold reached $1,912.60 in Asian overnight trading. At that point, light profit taking hit the market driving […]

By Barry Stuppler – MintStateGold.com GOLD Trading at $1,887.80 at 11am PDT, Gold is up $40 on the day in very active trading. Gold climbed to a record high above $1,895 an ounce in New York and London, as concern about slowing economic growth and debt crises spurred demand for bullion as a protection of […]

By Barry Stuppler – MintStateGold.com GOLD It’s starting to feel like the movie Groundhog Day, where every day starts the same way. Gold continues to move higher, hitting $1,881.40 in overnight trading, another all-time high. Friday commodity trading is normally less active than during the week and gold trading has been in the $1,837 to […]

By Barry Stuppler – MintStateGold.com GOLD Wow, another new all-time high in gold and the U.S. Stock is down 500 points. I am beginning to sound like a broken record. Gold hit $1,827.80 today and at 11am PDT was trading at $1,819.80, up $27.80 per ounce for the day. The headline news is Venezuela, but […]

By Barry Stuppler – MintStateGold.com GOLD Gold continued its move back to $1,800 per ounce today. At 11am PDT gold was selling for $1,792.00, up $10.70 per ounce on active trading. Yesterday’s statements from the meeting between the heads of France and Germany failed to quell Wall Street’s fears about euro zone leaders’ ability to […]

By Barry Stuppler – MintStateGold.com GOLD Today we are seeing gold build an excellent trading range from $1,763 to $1,787 on solid volume. At 11am PDT gold is trading at $1,781.30 up $18.10 per ounce on the day. After this morning’s comments by French President Nicolas Sarkozy on euro zone proposals the gold market rallied […]

By Barry Stuppler – MintStateGold.com GOLD Gold opened $10 lower in Asia before sizeable buying came into the market. After the extraordinary trading last week that virtually set new record highs daily, it is nice to see gold stabilizing and trading in a narrow band. Gold has traded in a $20 range today, holding at […]

By Barry Stuppler – MintStateGold.com GOLD Overnight trading in Asia was very supportive to the current price range. Finally, we are seeing stability in the gold trading which had a 2 ½ % trading range in the last 24 hours. The low to high trading range for gold was $1,724/$1,769 with excellent volume. I would […]

By Barry Stuppler – MintStateGold.com GOLD Gold is trading at $1,740.22 per ounce this morning at 11am PDT, down $36.28 per ounce on normal volume. At one point in overnight trading in Asia gold hit an All-Time high of $1,815.40. What the gold market could use right now is a week or two of stabilization […]

By Barry Stuppler – MintStateGold.com GOLD Another day, another All-Time high for Gold. WOW what a run, and all information is pointing to continued demand. At 11am PDT Gold is trading at $1,776.50 per ounce, up $34.00 on very, very active trading. At this current pace, my $1,900 year end prediction looks low. J.P. Morgan’s […]

By Barry Stuppler – MintStateGold.com GOLD At 11am PDT gold is trading at $1,742.50 per ounce, up $27.50 on very active trading. Gold did hit a new all-time high at $1.782 in overnight trading in Asian markets. This is a pivotal point for the U.S. Dollar & Gold, and yes, gold has gone parabolic as […]

By Barry Stuppler – MintStateGold.com GOLD Rating agency Standard & Poor’s says it has downgraded the U.S. credit rating from its top rank of AAA to AA+. Rating agencies analyze risk and give debt a “grade” that reflects the borrower’s ability to pay the underlying loans. The safest bets are stamped AAA. That’s where U.S. […]

By Barry Stuppler – MintStateGold.com GOLD After yesterday’s 500+ drop in the DJIA, the volatility and volume of trading was the highest day for gold and silver I have seen in months. Today gold has calmed down, with trading in a narrow $18 range compared to $45 yesterday. At 11am PDT gold is trading at […]

By Barry Stuppler – MintStateGold.com GOLD What a day we had today. Gold ran up to $1,683.30 per ounce. Then, as the Stock Market got hammered down over 350 points, we saw gold being sold. The traders believe this was “hitting the Piggy Bank” type selling. When hedge funds and financial institutions are hit with […]

By Barry Stuppler – MintStateGold.com GOLD With the Dollar getting hammered, and the Worlds Equity Markets down sharply, including the DJIA down nine days in a row, we are seeing a run to safety. Gold is the ultimate safe haven investment. So it is not surprising to see gold trading at another new All-Time high […]

By Barry Stuppler – MintStateGold.com GOLD As the pressure builds on Congress to provide Debt Ceiling legislation that would pass both houses and be signed into law by the President, we are seeing higher volume and volatility in the precious metal markets. Gold has traded in a $19 range today, down $.40 cents at 11am […]

By Barry Stuppler – MintStateGold.com GOLD Gold is trading very actively today with a $21 range, hitting a new all-time high of $1,629.50 earlier this morning. At 11am PDT gold is trading at $1,615.30, down 90 cents an ounce. The Debt Ceiling Crisis in Washington DC is the primary focus of the precious metal markets. […]

By Barry Stuppler – MintStateGold.com GOLD At 11am PDT Gold is trading at $1,616.20, up $2.40 per ounce on average trading volume. Today the gold market has had a very narrow trading range of only $10.00, as it awaits news from Washington on the debt ceiling. All I can say after listening to the President […]

By Barry Stuppler – MintStateGold.com GOLD The gold price is down $8.90 trading at $1,589.00 at 11am PDT in very active trading. The gold market is focused on news from the latest Eurozone economic summit, where they are working on a second bailout package for Greece and measures to prevent the spread of sovereign debt […]

By Barry Stuppler – MintStateGold.com GOLD Gold continues it’s breakout, now trading up for nine days in a row from the July 1st low of $1,487. Gold is setting new all-time highs daily, currently trading at $1,591.80 at 11am PDT, up an additional $2.10 per ounce. Traders are still focused on the DEBT, whether it […]

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